considered a report on the Medium Term Financial Plan (MTFP)
2021-2026 and the Draft Budget & Council Tax 2021/22. The
Corporate Director – Finance and Resources presented the
report and highlighted the key points.
In summary, the MTFP,
as presented, would provide a balanced budget for 2021/22. For the
subsequent years, the Council faced a potential budget deficit
which would need to be addressed thorough further, as yet
unidentified, income and efficiency improvements.
The MTFP made a number
of key assumptions, based on current Government policies and any
known future changes to the way local government is funded. Other
potential changes, particularly the possible move to retaining 75%
business rates, would need to be understood and built into future
The Draft Budget and
Draft MTFP would be kept under review as the budget process is
taken forward through consultation and the update process in
January and February, prior to Full Council consideration and
approval in February 2021. A further report will be presented to
the meeting of this Committee on 9 February 2021.
The Corporate Director
responded to questions from Committee Members on detailed aspects
of the report. In the ensuing discussion, the following main points
The Managing Director commented that funding to deliver services is
undergoing fundamental change and going forward is likely to be
achieved by bidding for capital grants rather than through making
annual surpluses. The organisation will need to change its
structures to be able to do this.
At this stage it is too early to identify whether successful bids
will deliver opportunities to generate income.
Environmental Operations activity continues to grow and the vehicle
replacement programme relates to specific vehicles, based on their
The introduction of food waste collection is being driven by
government through the Environment Bill and a further announcement
about this is expected in new year. This will be a matter for the
Environment Committee to consider.
The Corporate Director advised that base budget includes all growth
items, the new pressures for this year have been identified in the
report. Potential income and efficiency savings are spread across
Reference was made to the recently announced Leisure Recovery Fund.
The deadline for expressions of interest is 21 December 2020 and
bids must be submitted by 4 January 2021.
It was clarified that the budget gap figures set out in paragraph
7.3 of the report are not cumulative.
RESOLVED: That the Committee agree to:
refer the Draft Medium Term Financial Plan 2021-2026, and the
proposed Draft Budget & Council Tax for 2021/22, including the
financial management priorities and key assumptions for the short
term and medium term planning horizon, to members for consideration
at the committee meetings in January 2021 and feedback to the
Policy and Resources Committee on 9 February 2021;
approve, in accordance with the Local Authorities (Calculation
of Tax Base) Regulations 1992, the Local Authorities (Calculation
of Council Tax Base) (Amendment) (England) Regulations 2003 and the
Local Authorities (Calculation of Council Tax ...
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